09-13-2017 Council Packet - Laserfiche WebLink

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SEPARATION AND RELEASE AGREEMENT BETWEEN CITY OF LITTLE CANADA, MINNESOTA AND JOE MCGRANE This Separation and Release Agreement (“Agreement”) is made and entered into by and between the City of Little Canada, Minnesota (hereinafter the “City”), a municipal corporation, and Joe (”Joe”) McGrane. Recitals WHEREAS, the parties hereto have determined that it is in the best interests of all parties that Joe McGrane separate from employment with the City by mutual agreement in accordance with the terms and conditions set forth below in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants and agreements to be performed, as hereinafter set forth, the City and Joe McGrane agree as follows: Article 1. Voluntary Resignation Joe McGrane voluntarily resigns from employment with the City, effective August 25, 2017, which will be Mr. McGrane’s last day of employment with the City (hereinafter “Separation Date”). Article 2. Consideration Section 2.1. Resignation, Retirement and Payment In consideration for the voluntary resignation described in Article 1 and the waiver and release described in Article 3 of this Agreement, the City will do the following: (1) deem Joe McGrane as providing sufficient notice of his resignation under the City’s practices, policies, rules and regulations regarding such notice; (2) pay Mr. McGrane an additional two weeks wages, subject to tax withholding, calculated on 40-hour week at $25.57 as severance pay; (3) continue Mr. McGrane on the City’s health and life insurance plans through August 31, 2017 with the City paying any cost shares normally contributed by the employer; Section 2.2. Other Compensation. In addition to the compensation stated in Section 2.1, the City shall also pay Mr. McGrane any accumulated Paid Time Off (PTO) leave, at his current rate of pay, on the payroll to be distributed on September 1, 2017, subject to normal withholding.